All Finance articles – Page 489
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NewsGranarolo eyes growth in UK fresh sector with Midland deal
Bologna-based Granarolo currently supplies some own-label Italian produce to Sainsbury’s
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NewsOver a third of SMEs think high street cryptocurrency is coming
Some 46% of small firms questioned already accept “alternative” currencies, with 27% involved in schemes
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Comment & OpinionExploit and adapt to Trump tax reforms
US tax reform is the most significant change to US corporate and international tax in a generation
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NewsMedia Bites 22 February: Unilever, Hotel Chocolat, Arla, KFC
The UK government is bracing for Unilever to choose the Netherlands over the UK for its new unified headquarters. Plus, results from Hotel Chocolat and Arla both gain coverage this morning.
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NewsCity snapshot: Sales and profits heating up at British American Tobacco
Revenues and profits have soared at British American Tobacco as the cigarette giant completed its £41.8bn takeover of rival Reynolds and continued to take advantage of the growth of next generation products. Plus, profits slump at private label group McBride as inflationary pressure in its personal care & aerosols business saw the division slump to a trading loss.
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NewsPureCircle to ramp up stevia leaf production as NPD gathers pace
The Chicago business intends to this year plant 16,000 tonnes, a 200% increase YOY
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NewsEuro Garages adds 97 Dutch Esso sites as part of expansion
The forecourt operator has agreed to acquire all the shares of independent fuel and convenience group NRG Value Retail
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NewsWaitrose the second major retailer to cut back its property team
A restructure will see the merger of the previously separate property functions of Waitrose and its parent company John Lewis
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NewsFuller's outlines craft beer expansion and ESB overhaul
It comes as traditional-style bottled ales face a significant challenge from trendier, posher brands in the supermarkets
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NewsMeadow Foods kicks off acquisition drive with takeover of ghee maker Roil Foods
It is the first deal at Meadow since US private equity firm Paine Schwartz Partners took a stake in the processor in late 2016 to help fund organic growth and strategic acquisitions.
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NewsCity snapshot: Hotel Chocolat reports 15% first half sales and profits jump
Sales and pre-tax profits both surged by 15% in the first half at Hotel Chocolat as new store openings and digital growth helped the retailer offset rising costs. Plus, Arla Foods in has reported an 8.1% rise in group revenues to €10.3bn but profits fall amid rising costs, Glanbia full-year sales rise 7% and all the rest of the latest news from the City.
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NewsMedia Bites 21 Feb: Tesco/Booker, Walmart/Asda, KFC
Investors in Booker Group have been told by a second shareholder advisory group to vote against a planned £3.7bn takeover by Tesco, writes The Times (£)
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NewsGove pledges to put farmers back at heart of policy making
Gove tells NFU conference he is committed to avoiding a Brexit “race to the bottom” in standards or deregulation
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News'We warned KFC over delivery contract switch' claims GMB
The switch led to 255 redundancies at Bidvest Logistics and the closure of one of its depots.
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NewsCity snapshot: Kerry Group annual sales grow 4.5% despite weak pound
Irish good giant Kerry Group has reported a 4.5% jump in full-year revenues to €6.4bn driven by strong volume growth despite the weak pound. Plus, C&C Group ends US deal with Pabst and all the rest of the latest news from the City.
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NewsMedia Bites 20 Feb: Reckitt Benckiser, McColl’s, Russell Hume
“Swallowing rivals fails to fatten up Reckitt”, write The Times (£) as the consumer group’s flat-lining revenues hit its share price. Plus, McColl’s shares drop after P&H blow, Russell Hume collapses and more.
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NewsReynolds buys Wimbledon-based greengrocer Solstice
Solstice had been in administration before being acquired by Reynolds…
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NewsRussell Hume goes into administration
The meat supplier has been under investigation by the Food Standards Agency over labelling concerns since late January
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NewsDHL supply problems close hundreds of KFC restaurants
KFC had just gone live with DHL and QSL to manage supply and distribution to all 900 UK outlets
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NewsMorrisons buys Yorkshire egg supplier Chippindale Foods
The deal will allow Morrisons to bring forward the date at which all its eggs will come from non-caged hens